KRONES AG (KRN.DE) Stock Fundamental Analysis
FRA:KRN - Deutsche Boerse Ag - DE0006335003 - Common Stock - Currency: EUR
Overall KRN gets a fundamental rating of 7 out of 10. We evaluated KRN against 106 industry peers in the Machinery industry. Both the health and profitability get an excellent rating, making KRN a very profitable company, without any liquidiy or solvency issues. KRN is not valued too expensively and it also shows a decent growth rate. These ratings would make KRN suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year KRN was profitable.
KRN had a positive operating cash flow in the past year.
Of the past 5 years KRN 4 years were profitable.
In the past 5 years KRN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.83%, KRN is in the better half of the industry, outperforming 76.42% of the companies in the same industry.
The Return On Equity of KRN (14.40%) is better than 80.19% of its industry peers.
The Return On Invested Capital of KRN (11.34%) is better than 85.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KRN is in line with the industry average of 8.60%.
The 3 year average ROIC (10.37%) for KRN is below the current ROIC(11.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.4% | ||
| ROIC | 11.34% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
KRN has a Profit Margin of 5.23%. This is in the better half of the industry: KRN outperforms 63.21% of its industry peers.
In the last couple of years the Profit Margin of KRN has grown nicely.
KRN has a Operating Margin (6.96%) which is comparable to the rest of the industry.
KRN's Operating Margin has improved in the last couple of years.
KRN has a better Gross Margin (52.38%) than 71.70% of its industry peers.
In the last couple of years the Gross Margin of KRN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.96% | ||
| PM (TTM) | 5.23% | ||
| GM | 52.38% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KRN is still creating some value.
The number of shares outstanding for KRN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, KRN has about the same amount of shares outstanding.
KRN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.00 indicates that KRN is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.00, KRN is doing good in the industry, outperforming 73.58% of the companies in the same industry.
KRN has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
The Debt to FCF ratio of KRN (0.01) is better than 99.06% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that KRN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.00, KRN belongs to the top of the industry, outperforming 98.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 3 |
ROIC/WACC1.56
WACC7.25%
2.3 Liquidity
A Current Ratio of 1.34 indicates that KRN should not have too much problems paying its short term obligations.
KRN has a worse Current ratio (1.34) than 63.21% of its industry peers.
KRN has a Quick Ratio of 1.06. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.06, KRN is in line with its industry, outperforming 53.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
KRN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.35%, which is quite impressive.
The Earnings Per Share has been growing by 96.42% on average over the past years. This is a very strong growth
Looking at the last year, KRN shows a quite strong growth in Revenue. The Revenue has grown by 12.14% in the last year.
KRN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.98% yearly.
EPS 1Y (TTM)23.35%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%56.13%
Revenue 1Y (TTM)12.14%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%14.87%
3.2 Future
KRN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.00% yearly.
Based on estimates for the next years, KRN will show a small growth in Revenue. The Revenue will grow by 5.20% on average per year.
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y13%
Revenue Next Year8.1%
Revenue Next 2Y7.36%
Revenue Next 3Y7.13%
Revenue Next 5Y5.2%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.60, KRN is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of KRN indicates a somewhat cheap valuation: KRN is cheaper than 63.21% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.98. KRN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 12.37, which indicates a correct valuation of KRN.
Based on the Price/Forward Earnings ratio, KRN is valued a bit cheaper than the industry average as 66.98% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, KRN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KRN is valued a bit cheaper than 65.09% of the companies in the same industry.
KRN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KRN is cheaper than 64.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.92 | ||
| EV/EBITDA | 6.63 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KRN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KRN's earnings are expected to grow with 14.61% in the coming years.
PEG (NY)0.81
PEG (5Y)0.15
EPS Next 2Y16.09%
EPS Next 3Y14.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.12%, KRN has a reasonable but not impressive dividend return.
KRN's Dividend Yield is a higher than the industry average which is at 3.07.
KRN's Dividend Yield is comparable with the S&P500 average which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
5.2 History
The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
KRN pays out 25.11% of its income as dividend. This is a sustainable payout ratio.
The dividend of KRN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.11%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
FRA:KRN (4/30/2025, 5:28:59 PM)
128
+1.4 (+1.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners22.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.04B
Analysts77.78
Price Target151.69 (18.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.12% |
Yearly Dividend2.2
Dividend Growth(5Y)5.29%
DP25.11%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.08%
Min EPS beat(2)-18.73%
Max EPS beat(2)-7.42%
EPS beat(4)2
Avg EPS beat(4)6.98%
Min EPS beat(4)-18.73%
Max EPS beat(4)53.89%
EPS beat(8)4
Avg EPS beat(8)4.26%
EPS beat(12)8
Avg EPS beat(12)10.45%
EPS beat(16)12
Avg EPS beat(16)13.42%
Revenue beat(2)1
Avg Revenue beat(2)0.37%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)1.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.19%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)1.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.34%
Revenue beat(12)7
Avg Revenue beat(12)0.77%
Revenue beat(16)8
Avg Revenue beat(16)0.51%
PT rev (1m)0.92%
PT rev (3m)1.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.59%
EPS NY rev (3m)-4.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 12.37 | ||
| P/S | 0.76 | ||
| P/FCF | 14.92 | ||
| P/OCF | 8.94 | ||
| P/B | 2.1 | ||
| P/tB | 3.03 | ||
| EV/EBITDA | 6.63 |
EPS(TTM)8.77
EY6.85%
EPS(NY)10.35
Fwd EY8.09%
FCF(TTM)8.58
FCFY6.7%
OCF(TTM)14.31
OCFY11.18%
SpS167.57
BVpS60.83
TBVpS42.25
PEG (NY)0.81
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.4% | ||
| ROCE | 15.64% | ||
| ROIC | 11.34% | ||
| ROICexc | 13.96% | ||
| ROICexgc | 20.13% | ||
| OM | 6.96% | ||
| PM (TTM) | 5.23% | ||
| GM | 52.38% | ||
| FCFM | 5.12% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
ROICexc(3y)13.79%
ROICexc(5y)N/A
ROICexgc(3y)19.27%
ROICexgc(5y)N/A
ROCE(3y)14.31%
ROCE(5y)N/A
ROICexcg growth 3Y22.07%
ROICexcg growth 5Y40.08%
ROICexc growth 3Y16.88%
ROICexc growth 5Y36.18%
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
F-Score7
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 107.55% | ||
| Cap/Sales | 3.42% | ||
| Interest Coverage | 56.44 | ||
| Cash Conversion | 84.2% | ||
| Profit Quality | 97.91% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 3 |
F-Score7
WACC7.25%
ROIC/WACC1.56
Cap/Depr(3y)96.01%
Cap/Depr(5y)83.18%
Cap/Sales(3y)3.22%
Cap/Sales(5y)3.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.35%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%56.13%
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y13%
Revenue 1Y (TTM)12.14%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%14.87%
Revenue Next Year8.1%
Revenue Next 2Y7.36%
Revenue Next 3Y7.13%
Revenue Next 5Y5.2%
EBIT growth 1Y26.68%
EBIT growth 3Y28.43%
EBIT growth 5Y39.26%
EBIT Next Year65.02%
EBIT Next 3Y25.95%
EBIT Next 5Y15.11%
FCF growth 1Y1182.31%
FCF growth 3Y3.15%
FCF growth 5YN/A
OCF growth 1Y228.56%
OCF growth 3Y8.72%
OCF growth 5Y35.97%